- Enbridge (NYSE:ENB) and NextDecade (NASDAQ:NEXT) sign an MOU to develop the Rio Bravo pipeline and other natural gas pipelines in south Texas to transport natural gas to Next's Rio Grande LNG project in Brownsville, Tex.
- Rio Bravo is designed to transport 4.5B cf/day of natural gas from the Agua Dulce area to Rio Grande LNG.
- The companies expect to finalize definitive documentation reflecting the MOU terms in Q4.